Dongyue Future Hydrogen Energy Materials

What Dongyue Future Hydrogen Energy Materials does

Dongyue Future Hydrogen Energy Materials (山东东岳未来氢能材料股份有限公司), founded on December 19, 2017 as a subsidiary of Dongyue Group, manufactures high-performance fluorinated functional membrane materials and related chemicals from its headquarters in the Dongyue Economic Development Zone, Huantai County, Zibo, Shandong, China. The product portfolio is organized around five core lines: perfluorosulfonic acid (PFSA) membranes — including DMR-series hydrogen fuel cell proton exchange membranes (PEM), DME-series PEM water electrolysis membranes, and DMV/DM8-series reinforced vanadium flow battery membranes; expanded PTFE (ePTFE) films for filtration, electronics, and cable insulation; PFSA resins and ionomer dispersions; ETFE and PFA fluoropolymers in powder, liquid, and pellet forms; and fluorinated fine chemical intermediates such as HFPO and PPVE used in fluoropolymer synthesis. The company claims to be the only domestic producer with a fully integrated industrial chain from fluorite raw materials through intermediates, monomers, polymers, and finished membranes, and to have passed the Mercedes-Benz 6,000-hour fuel cell membrane durability test.

The technology stack centers on PFSA chemistry, with a flagship 10-micron ultra-thin hydrogen fuel cell membrane reported to deliver 30% better chemical durability than comparable products. Annual PEM capacity is 500,000 square meters, theoretically sufficient for 50,000 hydrogen fuel cell vehicles; current ETFE capacity stands at 3,000 tons per year, with a Phase 1 expansion to 10,000 tons of ETFE plus 2,000 tons of PPVE under construction to target the position of world's second-largest ETFE producer. IP breadth is anchored by 150+ domestic and international patents and complemented by IATF16949 (automotive QMS), CNAS laboratory accreditation (L17979, the first domestic membrane supplier with fuel cell PEM testing capability), intellectual property management certification, and medical device QMS certification. The firm led the establishment of two national standards approved in September 2025: GB/T 331-2025 for PTFE reinforcement membranes and GB/T 45332-2025 for water electrolysis PEMs.

The business is a B2B enterprise field-sales model with six regional sales departments covering Shandong (Jinan), Jiangsu (Kunshan), Guangdong (Guangzhou), Zhejiang (Quzhou), Hubei (Wuhan), and an Export Department for overseas markets. Pricing is quote-based and not publicly disclosed. Anchor customers span three horizontal segments: hydrogen fuel cell industry (Ballard Power Systems, SinoHytec/亿华通, Shanghai Shenli Technology/上海神力科技, Shanghai Yiqing/上海亿氢, and the operator that deployed 50 PEM-equipped hydrogen refrigerated vehicles in Zibo in 2022), vanadium flow battery energy storage (Dalian Rongke/大连融科, Xingchen Xinneng/星辰新能, Shanghai Electric/上海电气), and fluoropolymer / fine-chemical industrial buyers. The company raised 300 million yuan in equity from CICC Qichen, Jiangsu Investment Management, Shanghai Guohe, CRRC Times, and Dongyue Silicon Materials in June 2020 at a 3.0 billion yuan post-money valuation, with over 60 investment firms reportedly approaching the round; an independent STAR Market IPO was initiated in April 2020 but has not yet been completed. Recognition milestones include National Specialized and Special New "Little Giant" Enterprise (2021), Shandong Unicorn Enterprise (2022), China Unicorn Enterprise (2023), and National Manufacturing Single Champion Enterprise (December 2025, for ETFE).

Name

Dongyue Future Hydrogen Energy Materials

Legal name

山东东岳未来氢能材料股份有限公司

Website

https://dyfhem.com

Company type

Private

Founded year

2017

Operating status

Operating

Headcount range

101–250 employees

Short description

Dongyue Future Hydrogen Energy Materials manufactures perfluorosulfonic acid membranes, ETFE/PFA fluoropolymers, ePTFE films, and fluorinated fine chemicals at its Zibo facility. It serves hydrogen fuel cell OEMs, PEM electrolysis and flow battery energy storage integrators, and industrial fluoropolymer buyers via B2B direct sales.

Ownership category

akta.pro rank

Product category

Fluoropolymer Membrane Materials

NAICS

Basic Chemical Manufacturing (3251), Cyclic Crude, Intermediate, and Gum and Wood Chemical Manufacturing (325194)

SIC

Industrial Organic Chemicals (2860), Plastic Material, Synth Resin/Rubber, Cellulos (No Glass) (2820), Miscellaneous Chemical Products (2890)

akta.pro primary industry

Hydrogen Energy Storage & Power-to-X Equipment (electrolyzers, storage, fuel cell systems) (IMAGAHAM)

akta.pro secondary industry

Hydrogen (Industrial & Mobility) (IMAEACAB)

Keywords

• Perfluorosulfonic acid membranes
• Fluoropolymer manufacturing
• Hydrogen fuel cell membranes
• ETFE fluoropolymers
• Proton exchange membranes

Headquarters

HQ city

Zibo

HQ country

China

HQ region

Asia

Offices6 records

Markets served

GTM type

B2B

Offering type

Hardware or Manufacturing

Cost components

Supply Chain, Technology or R&D, Personnel, Operations, Marketing or Sales

Revenue model

1. Hydrogen fuel cell proton exchange membranes: B2B sales of perfluorosulfonic acid proton exchange membranes for fuel cell vehicles, forklifts, backup power, and other applications. Revenue from direct enterprise sales to automotive manufacturers and fuel cell system integrators.
2. Water electrolysis membranes: PEM water electrolysis membranes sold to green hydrogen production companies for industrial electrolysis applications.
3. Flow battery membranes: Vanadium flow battery membranes for energy storage systems, supplied to major energy storage companies including Dalian Rongke, Xingchen Xinneng, and Shanghai Electric.
4. ETFE and PFA fluoropolymers: Sales of ETFE powder, pellets, primers and PFA products for coatings, extrusion, injection molding applications in chemical, construction, electronics, automotive industries.
5. Fluorinated fine chemicals: HFPO, PPVE, PSVE, and other fluorinated intermediates and fine chemicals for polymer synthesis and industrial applications.

Pricing tiers

Go-to-market motion1 record

Distribution channels1 record

Marketing channels3 records

Core offering

Dongyue Future Hydrogen Energy Materials manufactures and sells high-performance fluorinated functional membrane materials, including perfluorosulfonic acid (PFSA) proton exchange membranes for hydrogen fuel cells (DMR series), water electrolysis hydrogen production (DME series), and vanadium flow batteries (DMV/DM8 series). The company also produces expanded PTFE (ePTFE) films, perfluorosulfonic acid resins and ionomer dispersions, ETFE and PFA fluoropolymers, and fluorinated fine chemicals such as HFPO and PPVE. Products serve hydrogen energy applications, energy storage systems, and industrial applications requiring chemical resistance, weatherability, and high-temperature stability.

Product overview

Dongyue Future Hydrogen Energy Materials is a manufacturer of high-performance fluorinated functional membrane materials and related chemicals. The company's product portfolio includes five core product lines: (1) Perfluorosulfonic Acid Membranes including fuel cell proton membranes (DMR series), water electrolysis membranes (DME series), and flow battery membranes (DMV/DM8 series); (2) Expanded PTFE (ePTFE) products including clothing film, filter film, electronic film, and wrap tape; (3) Perfluorosulfonic Acid Resins and ionomer dispersions; (4) Fluoropolymers including ETFE and PFA in powder, liquid, and pellet forms; and (5) Fluorinated fine chemicals including HFPO, PPVE, PSVE, PMVE, bisphenol AF, hexafluoroisopropanol, and other fluorinated intermediates. The company also led the establishment of two national standards: GB/T 331-2025 for PTFE reinforcement membranes and GB/T 45332-2025 for water electrolysis proton exchange membranes. Products serve hydrogen energy applications (fuel cells, water electrolysis), energy storage (flow batteries), and industrial applications (coatings, membranes, insulation materials).

Differentiator

Problem solved

Functional benefit

Products and services

• Hydrogen Fuel Cell Proton Exchange Membrane (DMR Series) Perfluorosulfonic acid proton exchange membrane for hydrogen fuel cells, featuring heat resistance, mechanical properties, electrochemical performance, and chemical stability, for use in passenger cars, commercial vehicles, forklifts, drones, backup power, and cogeneration systems.
• Water Electrolysis Hydrogen Production Membrane (DME Series) Solid polymer electrolyte membrane for PEM water electrolyzers, featuring heat resistance, mechanical strength, electrochemical properties, and chemical stability, used for green hydrogen production applications.
• Vanadium Flow Battery Membrane (DMV/DM8 Series) Reinforced perfluorosulfonic acid membrane with cation-selective permeation for flow batteries, featuring thin thickness, high strength, low swelling rate, and high dimensional stability for vanadium and Fe-Cr flow battery energy storage applications.
• Expanded PTFE (ePTFE) Series Microporous PTFE membrane materials including clothing film, filter film, electronic film, and wrap tape, for waterproof breathable fabrics, industrial filtration, electronic device sealing, and cable insulation applications.
• Perfluorosulfonic Acid Resin Special polymer material with exceptional stability and chemical resistance for fuel cell membranes, chlor-alkali industry, lithium-ion batteries, electrolysis devices, wastewater treatment, chemical catalysis, and gas separation applications.
• Perfluorosulfonic Acid Ionomer Dispersion Dispersion solution used for preparing fuel cell electrodes and electrolyte membranes, producing and repairing proton exchange membranes, PTFE surface hydrophilic treatment, catalyst coating, and electrochemical sensor production.
• Ethylene-Tetrafluoroethylene Copolymer (ETFE) Strongest fluoroplastic with excellent mechanical properties, weather resistance, flame retardancy, gas barrier properties, and chemical resistance, supplied in powder and pellet forms for coatings, linings, films, tubes, wires, and cables in chemical, construction, electronics, automotive, photovoltaic, and semiconductor industries.
• Perfluoroalkoxy (PFA) Series Thermoplastic PTFE with excellent chemical stability, mechanical properties, electrical insulation, and thermal stability, used for chemical processing parts, films, cable jackets, non-stick coatings, and semiconductor injection molded parts.
• Hexafluoropropylene Oxide (HFPO) Key intermediate for organic fluorine materials, used to prepare hexafluoroacetone, hexafluoroisopropanol, fluorinated vinyl ethers (PPVE, PSVE, PEVE, PMVE), fluorinated surfactants, and perfluorosulfonic acid resins.
• Perfluoropropylvinyl Ether (PPVE) Fluorinated vinyl ether comonomer for synthesizing fluoroplastics, effectively destroying crystallinity of TFE-based copolymers for PFA and modified PTFE production.

Quantifiable outcome

• Annual proton membrane production capacity of 500,000 sqm, sufficient for 50,000 hydrogen fuel cell vehicles
• +3 more outcomes

Named customers8 records

Segments5 records

Ideal customer profiles3 records

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature4 records

Partnerships

Six partnerships are on record, tiered core.

• 淄博市氢能产业技术创新战略联盟 (Zibo Hydrogen Energy Industry Technology Innovation Strategic Alliance)coreStrategic or Co-development Partner · 27 March 2022Dongyue Future Hydrogen elected as chairman unit of the alliance. Jointly signed alliance agreement with 10 units including Shandong University of Technology, Zhonglu Aluminum Shandong, and Shandong Industrial Ceramics Research and Design Institute. Alliance aims to promote hydrogen energy industry technology innovation through industry-university-research cooperation.
• 淄博市氢能关键材料与技术重点实验室 (Zibo Key Laboratory for Hydrogen Energy Materials and Technology)coreStrategic or Co-development Partner · 27 March 2022Dongyue serves as founding partner of the key laboratory established to advance hydrogen energy materials research.
• 上海神力科技有限公司 (Shanghai Shenli Technology)coreStrategic or Co-development Partner · 11 September 2021Strategic cooperation to jointly promote domestic hydrogen energy and fuel cell industry technology localization. Shenli is one of the core enterprises for vehicle fuel cell stacks in China with CNAS-certified enterprise fuel cell laboratory.
• 上海亿氢科技有限公司 (Shanghai Yiqing Technology)coreStrategic or Co-development Partner · 11 September 2021Strategic cooperation for membrane electrode product R&D, manufacturing and services. Yiqing's scientific research strength ranks domestically leading.
• 北京亿华通科技股份有限公司 (Beijing Yihuatong/SinoHytec)coreStrategic or Co-development Partner · 11 September 2021Strategic cooperation to promote domestic hydrogen fuel cell engine commercialization. SinoHytec is a pioneer in China's hydrogen energy industry with proprietary fuel cell engine products that achieved batch production.
• Ballard Power Systems (巴拉德动力系统公司)coreStrategic or Co-development Partner · 9 June 2021Strategic cooperation framework agreement signed at 6th International Hydrogen and Fuel Cell Vehicle Conference in Shanghai. Partnership focuses on hydrogen fuel cell proton membrane development, evaluation and application. Dongyue and Ballard have maintained close contact since 2004, with Ballard conducting systematic evaluation of Dongyue's fuel cell proton membranes achieving satisfactory results for both parties.

Scale indicators7 records

Recent moves7 records

Expansion highlights6 records

Direct peers

• Chemours: Chemours is the global leader in perfluorosulfonic acid membranes (Nafion™) for hydrogen fuel cells, water electrolysis, and chlor-alkali. It also produces Tefzel™ ETFE. Direct competitor to Dongyue across both the PEM membrane and ETFE product lines, with comparable full-chain fluoropolymer capabilities.
• W. L. Gore & Associates: Gore is a leading producer of reinforced perfluorosulfonic acid membranes (Gore-Select™) widely used in automotive fuel cell stacks. Direct competitor to Dongyue's fuel cell membrane offering, with deep qualifications at global automotive OEMs and decades of field performance data.
• Solvay: Solvay produces Aquivion™ PFSA membranes for fuel cells, water electrolysis, and chlor-alkali applications, along with a broader specialty fluoropolymer portfolio. Direct competitor to Dongyue in PEM membranes, with strong European OEM relationships and global technical service.
• Asahi Kasei: Asahi Kasei manufactures Aciplex™ PFSA membranes for fuel cells and a broad fluoropolymer portfolio. Direct competitor across both PEM membranes and ETFE-type fluoropolymers, with leading positions in Asian automotive fuel cell programs.
• FUMATECH (BWT Group): FUMATECH, part of BWT Group, manufactures fumapem® PFSA membranes for PEM fuel cells, electrolysis, and specialty applications. Direct competitor focused specifically on ion-exchange membranes with similar B2B sales model and European customer base.
• AGC Inc. AGC (formerly Asahi Glass) produces Selemion™ ion-exchange membranes and is the world's largest ETFE producer (Fluon® ETFE). Direct competitor across both Dongyue's PEM membrane and ETFE product lines, with global scale and decades of fluoropolymer leadership.
• Tokuyama Corporation: Tokuyama produces PEM and alkaline electrolyte membranes for hydrogen applications along with specialty fluorochemicals. Direct competitor in PEM membranes for fuel cells and electrolysis, with strong presence in Japanese fuel cell programs.

Broad incumbents

• Daikin Industries: Daikin is a global fluoropolymer and refrigerant giant with a broad Neoflon™ ETFE and fluorochemical portfolio. While not focused specifically on PEM membranes, Daikin is the established leader in ETFE and fluorinated fine chemicals where Dongyue is expanding, representing a broad incumbent competitive threat.

Regional players

• Zhejiang Juhua: Zhejiang Juhua is a major Chinese fluorochemical and fluoropolymer producer with capabilities in refrigerants, PTFE, and downstream fluorinated materials. Regional competitor that overlaps with Dongyue in fluoropolymer intermediates and competes for domestic fluorochemical market share.
• Shanghai 3F New Materials: Shanghai 3F New Materials is a leading Chinese fluorinated fine chemicals and fluoropolymer producer with capabilities in HFPO, fluorinated intermediates, and downstream fluoropolymers. Regional competitor with overlapping product portfolio in fluorinated intermediates and fine chemicals.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks5 records

Key highlights7 records

Customer concentration

Compliance6 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles1 record

Funding overview

Funding rounds1 record

Investors1 record

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Dongyue Future Hydrogen Energy Materials